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  4. [Form 4] Philip Morris International Inc. Insider Trading Activity

Director Michel Combes receives 1,119 Philip Morris (PM) shares in stock award

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Combes Michel reported acquisition or exercise transactions in this Form 4 filing.

Philip Morris International director Michel Combes received a stock award of 1,119 shares of common stock on May 6, 2026. The grant was made under the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors at an award value based on the average high and low price of $169.93 per share that day.

After this award, Combes directly holds 11,643 shares, including 10,609 deferred shares in the same director stock compensation plan. The deferred share balance increased by 1,439 shares, reflecting the 2026 stock award and 320 deferred shares from dividend reinvestment since the prior reportable transaction.

Positive

  • None.

Negative

  • None.
Insider Combes Michel
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,119 $169.93 $190K
Holdings After Transaction: Common Stock — 11,643 shares (Direct, null)
Footnotes (1)
  1. Shares awarded under the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors. The average of the high and low price of Philip Morris International Inc. common stock on May 6, 2026. Includes 10,609 deferred shares held in the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors. This is an increase of 1,439 deferred shares, reflecting the 2026 stock award and 320 deferred shares acquired through the reinvestment of dividends since May 7, 2025, the date of the last reportable transaction.
Shares awarded 1,119 shares Common stock grant on May 6, 2026
Award value per share $169.93 per share Average of high and low price on May 6, 2026
Total shares after transaction 11,643 shares Direct holdings following the award
Deferred shares balance 10,609 deferred shares Held in 2017 Stock Compensation Plan for Non-Employee Directors
Increase in deferred shares 1,439 deferred shares Reflects 2026 stock award and dividend reinvestment since May 7, 2025
Dividend reinvestment shares 320 deferred shares Acquired through reinvestment of dividends in the plan
Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors financial
"Shares awarded under the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors."
deferred shares financial
"Includes 10,609 deferred shares held in the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors."
Deferred shares are a class of stock whose economic benefits or certain shareholder rights are delayed or paid later than ordinary shares—for example, dividends may be paid only after other shareholders receive theirs, or voting or redemption rights may be postponed. For investors, that timing difference matters because deferred shares typically offer lower near-term income and different risk, affecting expected returns, priority in payouts, and the share’s market value; think of them like a delayed paycheck compared with a regular salary.
reinvestment of dividends financial
"320 deferred shares acquired through the reinvestment of dividends since May 7, 2025, the date of the last reportable transaction."
average of the high and low price financial
"The average of the high and low price of Philip Morris International Inc. common stock on May 6, 2026."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Combes Michel
(Last)(First)(Middle)
677 WASHINGTON BLVD.
SUITE 1100
(Street)
STAMFORD CONNECTICUT 06901
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Philip Morris International Inc. [ PM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/06/2026A1,119(1)A$169.93(2)11,643(3)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares awarded under the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors.
2. The average of the high and low price of Philip Morris International Inc. common stock on May 6, 2026.
3. Includes 10,609 deferred shares held in the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors. This is an increase of 1,439 deferred shares, reflecting the 2026 stock award and 320 deferred shares acquired through the reinvestment of dividends since May 7, 2025, the date of the last reportable transaction.
Remarks:
/s/ Darlene Quashie Henry. Attorney-In-Fact05/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Michel Combes report in this Philip Morris (PM) Form 4 filing?

Michel Combes reported acquiring 1,119 Philip Morris International common shares as a stock award. The grant came under the company’s 2017 Stock Compensation Plan for Non-Employee Directors, increasing his directly held shares to 11,643, including deferred shares held in the plan.

How many Philip Morris (PM) shares did Michel Combes receive and at what value?

Michel Combes received 1,119 shares of Philip Morris International common stock. The award value was based on $169.93 per share, the average of the high and low trading prices for the stock on May 6, 2026, as noted in the filing’s footnotes.

What is Michel Combes’ total Philip Morris (PM) shareholding after this transaction?

After the reported award, Michel Combes directly holds 11,643 Philip Morris International common shares. This total includes 10,609 deferred shares credited within the company’s 2017 Stock Compensation Plan for Non-Employee Directors, reflecting both the 2026 award and dividend reinvestments.

What is the role of the 2017 Stock Compensation Plan for Philip Morris (PM) directors?

The 2017 Stock Compensation Plan for Non-Employee Directors provides stock-based awards to Philip Morris International board members. In this filing, Michel Combes’ 1,119-share grant and 10,609 deferred shares are all held under this plan, which can also reinvest dividends into additional deferred shares.

How did dividend reinvestment affect Michel Combes’ Philip Morris (PM) deferred shares?

Dividend reinvestment added 320 deferred shares to Michel Combes’ holdings in the Philip Morris International 2017 director stock plan. Together with the 2026 stock award, this raised his deferred share balance by 1,439 shares compared with the balance at his last reportable transaction.

Is Michel Combes’ Philip Morris (PM) Form 4 transaction a market purchase or a grant?

The transaction is a grant or award of 1,119 Philip Morris International shares, not an open-market purchase. It is reported under transaction code “A” and described as a grant, award, or other acquisition within the company’s non-employee director stock compensation plan.